Mazagon Dock Delivers Nilgiri Stealth Frigate and Surat Destroyer to Indian Navy

Mazagon Dock Shipbuilders Limited (MDL) delivered 2 advanced warships to the Indian Navy on December 20, 2024. These include the Nilgiri, the first stealth frigate of Project 17A, and the Surat, the fourth destroyer of Project 15B.

Nilgiri Stealth Frigate

Nilgiri is the first ship in its class and features cutting-edge stealth technology, which makes it hard to detect. Designed indigenously by the Indian Navy’s Warship Design Bureau, it boasts improved survivability, maneuverability, and advanced weapons and sensors. This ship can operate independently or as the flagship of a naval task force, showcasing India’s growing self-reliance in warship design and construction.

Surat Destroyer

Surat, the 4th ship in the Project 15B class, is a highly capable platform with a variety of advanced weapons, including Brahmos supersonic missiles and Barak-8 surface-to-air missiles. It has been designed for all-round capabilities, particularly against submarines, surface warships, and fighter aircraft. Surat was delivered ahead of schedule and is the most combat-ready platform in its class. With 72% indigenous content, the ship highlights India’s focus on the “Atmanirbhar Bharat” initiative.

MDL’s Role in Indigenous Shipbuilding

MDL has been at the forefront of India’s warship and submarine building programs, contributing to the construction of various modern naval ships and submarines. The delivery of Nilgiri and Surat underscores India’s growing capabilities in defense manufacturing and self-reliance.

About Mazagon Dock Shipbuilders Limited

Mazagon Dock Shipbuilders Limited, previously known as Mazagon Dock Limited, is a company based in Mumbai with shipyards located in Mazagaon. The company builds warships and submarines for the Indian Navy, as well as offshore platforms and support vessels for oil drilling operations.

Mazagon Dock Shipbuilders share price is currently trading at ₹4,626.95, down by ₹97.15 (2.06%) as of 10:46 am on December 23, 2024. The stock opened at ₹4,642.85, reached an intraday high of ₹4,836.70, and touched a low of ₹4,590.60. 

The company’s market capitalisation stands at ₹93.32k crore, with a P/E ratio of 36.30 and a dividend yield of 0.76%. Over the past 52 weeks, the stock has hit a high of ₹5,860.00 and a low of ₹1,795.40.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.